MFSS
ActiveSummary
The computed 12-month bankruptcy probability of MFSS is 1.9% (moderate). The 2025 annual accounts show equity of €1,804 and a net result of -€1,196. Its solvency ranks better than 21% of 3,304 sector peers (NACE 95, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-06-2024 Normal situation
- Activity
- Washing and cleaning of motor vehicles NACE 95316
- Establishment unit
- 2.361.517.557 3620 Lanaken, since 25-06-2024
- Financial year end
- 30 June
- Peppol
- Reachable since 16-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.9%
- Gross margin
- €27,579
- Turnover
- ≈ €70,000
- estimated
- Loss
- €1,196
- Equity
- €1,804
- Total assets
- €31,766
- Employees on 30-06-2025
- 1
Score breakdownraises riskFounded in 2024Equity €1,804 (5.7% of total assets)Sector: Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)lowers riskLiquidity: current ratio 0.21, cash €5,700Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 95, micro). It does better than 20% of them on solvency, 16% on liquidity and 35% on profitability.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 17-01-2026 at the NBB
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 30-06-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.5 |
| Average over the year, in full-time equivalents | 0.3 |
| Joined | 10 |
| Left | 9 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 30-06-2025 |
|---|---|
| Tangible fixed assets | €18,000 |
| Intangible fixed assets | €12,000 |
| Depreciation and write-downs of the year | €5,613 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €22,268 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,613 |
| Gross operating margin9900 | €27,579 |
| Operating profit (loss)9901 | -€302 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €805 |
| Recurring financial charges65 | €805 |
| Profit (loss) for the period before taxes9903 | -€1,107 |
| Income taxes67/77 | €90 |
| Profit (loss) for the period9904 | -€1,196 |
| Profit (loss) for the period to be appropriated9905 | -€1,196 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €31,766 | |
| Formation expenses20 | €777 | |
| Fixed assets21/28 | €24,584 | |
| Intangible fixed assets21 | €10,253 | |
| Tangible fixed assets22/27 | €14,331 | |
| Plant, machinery and equipment23 | €14,331 | |
| Current assets29/58 | €6,405 | |
| Amounts receivable within one year40/41 | €110 | |
| Trade receivables40 | €110 | |
| Cash at bank and in hand54/58 | €5,700 | |
| Deferred charges and accrued income490/1 | €595 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €31,766 | |
| Equity10/15 | €1,804 | |
| Contributions10/11 | €3,000 | |
| Profit (loss) carried forward14 | -€1,196 | |
| Amounts payable17/49 | €29,962 | |
| Amounts payable within one year42/48 | €29,962 | |
| Trade debts44 | €3,142 | |
| Suppliers440/4 | €3,142 | |
| Taxes, remuneration and social security45 | €7,045 | |
| Taxes450/3 | €5,031 | |
| Remuneration and social security454/9 | €2,014 | |
| Other amounts payable47/48 | €19,775 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€1,196 |
| + Depreciation and write-downs630 | €5,613 |
| Operating cash flow (approximation) | €4,416 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,301 companies had the same profile as MFSS has now. Two years later, 92.6% were still going and 5.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency under 10%
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MFSS itself: 1.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,301 companies, not a prediction for MFSS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 17-01-2026 | 2026-00009163 |
Board & ownership
Directors
Owners and capital
Shareholders
- KAUR Gaganpreet 50 shares (50%) · €1,500 in cash
- KHAIRA Manjinder Singh 25 shares (25%) · €750 in cash
- SINGH Jaspinder 25 shares (25%) · €750 in cash
Capital transactions
- 27-06-2024 Incorporation · €3,000 · 100 shares
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “100, gelijk recht in winstverdeling”“Op naam, register van aandelen op naam met WVV-vermeldingen”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 27-06-2024 (in Dutch)
Network & group
MFSS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MFSS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
27-06
Gazette deed
IncorporationStarting capital €3,000 · Appointment: KAUR Gaganpreet (director) · Founder14 points ▸
- Founder, KAUR Gaganpreet
- Founder, KHAIRA Manjinder Singh
- Founder, SINGH Jaspinder
- Incorporation, “MFSS” (deed in Dutch)
- Other provision, “artikel 5:4 §2 van het Wetboek van vennootschappen en verenigingen, financieel plan” (deed in Dutch)
- Founding capital, €3,000
- Bank account, “bijzondere rekening”, 3000 (deed in Dutch)
- Other provision, “bevestiging deponering stortingen overeenkomstig Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Registered office clause, “3620 Lanaken, Bilzerbaan 134” (deed in Dutch)
- Board rule, 1
- Director appointment, KAUR Gaganpreet (director)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien en alle activiteiten ondernomen sinds 2024-05-01 door comparanten in naam en voor rekenin…” (deed in Dutch)
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
20 activities
- De exploitatie van groot- en kleinhandel in alle mogelijke producten;
- De kleinhandel in algemene voedingswaren,alcoholische dranken,rookwaren,telefoonkaarten,kranten,lotto,toiletartikelen en huishoudelijke artikelen,omvattende eveneens de kleinhandel in drogisterij,verf en onderhoudsproducten;
- Uitbating van superettes
- Kleinhandel in telefoonbenodigdheden;
- Nachtwinkel
- Dagwinkel
- Colli service en pakjesbedeling
- Wassen en poetsen van motorvoertuigen.
- Uitbaten van een hand-carwash,reinigen en poetsen van motorvoertuigen met de hand
- Uitbaten van een automatische carwash voor het wassen,reinigen en poetsen van motorvoertuigen op machinale wijze.
- Het reinigen,poetsen,wassen van motorvoertuigen in de meest ruime zin van het woord.
- De kleinhandel en groothandel en handelsbemiddeling in onderhoudsproducten en reinigingsproducten van diverse aard.
- Het uitbaten van een horeca-zaak in de meest ruime zin;
- Het uitbaten van een restaurant in de meest ruime zin;
- Restaurants gespecialiseerd in een bepaald type van keuken met volledige bediening
- Spijshuizen,snackbars,verbruikerssalon,theesalon,drankgelegenheid,traiteurdienst,de horecasector zoals snacks,frituren enzovoort;
- Parfumerie- en toiletartikelen,cosmetica- en schoonheidsproducten en make-up,evenals zepen en detergenten,kapperszaak
- Alle koerierdiensten en goederentransport
- Nieuwe en tweedehandswagens
- Uitbating van brood- en banketbakkerij,producten voor brood- en banketbakkerij
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73088B0638/00C003 | Flanders | 974 m² | 1 · 416 m² | 7.4 m · 2 |